UPDATE: Citigroup Reiterates on Helmerich & Payne After Positive Comments on Spot Rates

In a report published Monday, Citigroup analyst Robin Shoemaker reiterated a Buy rating on Helmerich & Payne (NYSE: HP ), and raised the price target from $82.00 to $89.00. In the report, Citigroup noted, “We have raised our EPS estimates in FY2014 and FY2015 as we believe that demand for